Haydale Graphene Industries PLC Reactor Supply Agreement with CPI (4709Q)
18 Juni 2015 - 8:00AM
UK Regulatory
TIDMHAYD
RNS Number : 4709Q
Haydale Graphene Industries PLC
18 June 2015
18 June 2015
Haydale Graphene Industries plc
("Haydale")
Haydale signs Reactor Supply Agreement with UK's Centre for
Process and Innovation
Haydale (AIM: HAYD), the group focused on the commercialisation
of graphene and other nano particle products using their
proprietary plasma process is pleased to announce a supply
agreement for an HT60 R&D reactor to the Centre for Process and
Innovation (CPI).
CPI is a UK-based technology innovation centre and partner in
the High Value Manufacturing Catapult. CPI has received GBP14m from
Innovate UK to create the UK's Graphene Applications Innovation
Centre which will help companies to develop, prove and
commercialise products using graphene technologies.
Haydale successfully tendered for the supply agreement under a
rigorous and lengthy open tender process. In accordance with this
agreement, Haydale will supply one of its standard HT60 R&D
reactors and provide training and technical support to CPI. Initial
revenue from the supply agreement will be approximately GBP0.17
million which will be recognised by Haydale over approximately a 12
month period. The HT60 reactor is expected to be fully operational
by October 2015.
Haydale also anticipate supplying R&D quantities of
materials for functionalisation to meet CPI's customers' specific
needs. Haydale anticipates that, over time, these customers may
then consider utilising Haydale reactors for their own specific
requirements or would engage with Haydale directly to provide
functionalised toll processing services from its base in Ammanford.
Haydale and CPI have also agreed to work together on future R&D
projects utilising the HT60 reactor at CPI.
Commenting, Ray Gibbs, Haydale's Chief Executive Officer,
said:
"In our interim results announced in March, we talked about our
intention to create functionalisation centres of excellence and
this announcement is the first success in this part of our global
growth strategy. CPI works with a number of manufacturing
businesses mainly those with European activities. Their market
focus is very much aligned with some of our target markets, such as
printed electronics, energy, aerospace and automotive. CPI
conducted extensive due diligence on our technology and I'm very
pleased they concluded that our HT60 reactor would be a significant
and important addition to their already impressive array of
advanced material processing equipment. We are delighted to supply
a unit where the installation of this new reactor will instantly
expand our own R&D reach and rapidly increase the number of
potential customers able to test Haydale's functionalised materials
for their own specific needs."
Commenting, Tom Taylor, Director of Future Business at the CPI,
said:
"Graphene is an area that holds great promise for CPI and the UK
manufacturing sector. The key for the commercialisation of a
technology is for industry to build upon current research expertise
and prove the technology provides value at market ready volumes.
Through Innovate UK, CPI has committed GBP14 million of investment
into the new Graphene Applications Innovation Centre to achieve
this aim. CPI provide companies of all sizes the opportunity to
openly access world leading capability in the development of
graphene, printable electronics and formulation based applications.
We believe the Haydale plasma reactor presents a cost effective way
to functionalise graphene, and other 2D materials in a reproducible
and controlled way. This was a gap in our offering and now
represents a key enabler for our customers in the electronics and
engineering industries. It will nicely complement our state of the
art capability for characterisation and formulation of graphene
products."
- Ends -
For further information, please contact:
Haydale Graphene Industries +44 (0) 1269 842
plc 946
John Knowles, Chairman
Ray Gibbs, Chief Executive
Officer
Cairn Financial Advisers LLP
(Nomad) +44 (0) 20 7148 7900
Tony Rawlinson
Emma Earl
Cantor Fitzgerald Europe (Broker) +44 (0) 20 7894 7000
David Foreman / Will Goode
David Banks / Tessa Sillars
Hermes Financial PR
+44 (0) 7889 153
628
Trevor Phillips +44 (0) 7979 604
Chris Steele 687
CPI +44 (0)777 813 6791
Steven Bagshaw
About Haydale
Haydale has developed a patent pending proprietary scalable
plasma process to functionalise graphene and other nanomaterials.
This enabling technology can provide Haydale with a rapid and
highly cost efficient method of supplying tailored solutions to
enhance applications for both raw material suppliers and product
manufacturers.
Functionalisation is carried out through a low pressure plasma
process that treats both organic mined fine powder and other
synthetically produced nanomaterial powders producing high quality
few layered graphenes and graphene nano platelets. The process can
functionalise with a range of chemical groups, where the amount of
chemicals can be tailored to the customer needs. Good dispersion
improves the properties and performance of the host material and
ensures it delivers as specified.
The Haydale plasma process does not use wet chemistry, neither
does it damage the material being processed, rather it can clean up
impurities inherent in the raw material. The technology is a low
energy user and most importantly environmentally friendly. The
Haydale method is an enabling technology where working with a raw
material producer can add value to the base product and tailor the
outputs to meet the target applications of the end user.
Haydale, based in South Wales, housed in a purpose built
facility for processing and handling nanomaterials with a
laboratory facility, is facilitating the application of graphenes
and other nanomaterials in fields such as inks, sensors, energy
storage, photovoltaics, composites, paints and coatings.
www.haydale.com
About CPI
The Centre for Process Innovation is a UK-based technology
innovation centre and part of the High Value Manufacturing
Catapult.
CPI's open innovation model enables clients to develop products
and prove processes with minimal risk. They provide assets and
expertise so our customers can demonstrate the process before
investing substantial amounts of money in capital equipment and
training. New products and processes can be shown to be feasible;
on paper, in the lab and in the plant before being manufactured at
an industrial scale.
www.uk-cpi.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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